Wednesday, August 19, 2009

Market summary

Markets had another positive day. This morning pre open we were down on back off another big drop in asian markets overnite especially on Shanghai index. But right at open markets started to gain traction and kep on climbing barrin a small sell off an hour before the close. A/d line was weak but went positive at 11CST. The rise was led by oil sector while finacials and cre's lagged all day.

Personally, I had a very good day today and if you followed me, you would have made some big gains today.

Todays action may lead us to further upside tomorrow at open and then it will be intersting to see if we retest the highs or not.

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